Everything web3, crypto, defi, degen
In brief Three states have passed laws enabling Bitcoin reserves to date. Several efforts in other states have failed over concerns about volatility and public fund safety. Proposals are still pending in 17 more states as crypto advocates push for wider adoption. As random companies snap up Bitcoin and Donald Trump hails the creation of…
In brief Block becomes the second crypto-facing firm in the S&P 500 index, two months after Coinbase. For over a year, Block has allocated 10% of its monthly profit from Bitcoin services to purchase additional Bitcoin. Industry observers say regulatory shifts are helping push crypto firms into mainstream acceptance. Block Inc., the fintech company led…
In brief President Trump signed the GENIUS Act into law Friday afternoon, in a White House ceremony attended by numerous crypto industry leaders. The bill establishes a framework for issuing and trading stablecoins in the United States. Banks, traditional finance players, and retail giants that have expressed interest in stablecoins now have the green light…
In brief Charles Schwab is interested in introducing a stablecoin, its CEO told investors this week. The potential stablecoin initiative comes as Schwab prepares to offer spot Bitcoin and Ethereum ETFs to its clients. Schwab is one of several large financial services firms exploring issuing its own stablecoin. Charles Schwab would like to issue its…
XRP has hit a new all-time high of $3.65, driven largely by a spike in trading activity across South Korea and the United States.Data from CryptoSlate shows that XRP ranked among the top five most traded digital assets over the past 24 hours, trailing only behind Bitcoin, Ethereum, and the stablecoins USDT and USDC.XRP recorded…
In brief Ethereum Classic, Litecoin, and Bitcoin Cash jumped in value on Friday, after XRP and Bitcoin set new all-time highs. Akshat Vaidya, CIO of venture capital firm Maelstrom, told Decrypt that old-school tokens pumping is an early sign that a broader altcoin season might be on its way. However, he said investors may have…
In brief The total market capitalization of all cryptocurrencies hit $4 trillion Friday morning. Bitcoin’s market cap swelled to $2.4 trillion, and Ethereum $440 billion, as institutional inflows accelerated. Bitcoin ETFs pulled in $522.6 million Thursday alone, the second straight week topping $2 billion, with BlackRock’s IBIT capturing $497.3 million of the flows. For the…
In brief XRP and Dogecoin are leading altcoin rallies, with XRP up over 43% in a week, fueled by speculative capital. The U.S. House of Representatives passed three key crypto bills, advancing the Trump administration’s pro-crypto policy agenda. Analyst notes macroeconomic factors, including government spending and inflation fears, prompting investors towards crypto. Crypto prices have…
In brief Kraken has launched CME-based Bitcoin and Ethereum futures for U.S. traders. The new offering coincides with congressional approval of landmark digital asset bills during what Republicans have dubbed “Crypto Week.” The CFTC gains ground as a preferred regulator, raising hopes for clearer rules across the industry. Kraken launched a regulated crypto futures platform…
In brief XRP price set a new all-time high on Thursday, finally topping the seven-year old record. It previously peaked at $3.40 in 2018 during the ICO boom, per data from CoinGecko. Despite regulatory headwinds, which have mostly dissipated, XRP Ledger has been adopted by hundreds of financial institutions. The price of XRP rose to…
